TransCanada Profit Falls on Lower Natural Gas Shipments

TransCanada Corp., the transporter of 20 percent of North America’s natural gas, said fourth- quarter profit fell 19 percent as shipments of the fuel on some of its pipelines declined.

Net income dropped to C$306 million ($304 million), or 43 cents a share, from C$376 million, or 53 cents, a year earlier, the Calgary-based company said in a statement on Marketwire today. Excluding one-time items, per-share profit was 4 cents less than the 49-cent average of 12 analysts’ estimates compiled by Bloomberg.